The US NFP Update: What to Wait for?
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.
Euro tumbles in Asia as attention shifts to Wyoming meeting
On Monday, the common currency dived in Asia because attention shifts to a gathering of key bankers in Wyoming this week just to see whether the ECB is going to start discussing its dial-back initiatives for stimulus in more detail or not.
The currency pair EUR/USD hit 1.1754, decreasing 0.06%. Besides this, AUD/USD reached 0.7930, going down 0.01%. At the same time USD/JPY demonstrated 109.24, soaring 0.05%.
Tracking the US currency’s strength versus a trade-weighted basket of six main currencies, the US dollar index went up 0.04% trading at 93.40.
The previous week on Friday, the evergreen buck inched down versus a basket of the other key currencies because political uncertainty in the USA as well as surging doubts over the prospects for another rate lift by the Fed in 2017 added pressure.
The US currency went down to four month minimums versus the Japanese rival earlier in the day, although pared losses after reports that Steven Bannon, senior White House advisor was leaving his position.
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Bank of England Statement: What to Expect
The Bank of England will publish its Monetary Policy Report and Summary, Official Bank Rate, and its votes on May 5 at 14:00 MT.
Australian Cash Rate Hot News
The Reserve Bank of Australia will make the cash rate statement on May 3, at 07:30 MT.
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What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
